Narrow Search
Last searches

Results for *

Displaying results 1 to 1 of 1.

  1. Cross-country cross-technology digitalisation
    a Bayesian hierarchical model perspective
    Published: [2022]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    In this article, we present a new perspective on forecasting technology adoption, focused on the extensive margin of adoption of multiple digital technologies in multiple countries. We do this by applying a Bayesian hierarchical structure to the... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534
    No inter-library loan

     

    In this article, we present a new perspective on forecasting technology adoption, focused on the extensive margin of adoption of multiple digital technologies in multiple countries. We do this by applying a Bayesian hierarchical structure to the seminal model of technology diffusion. After motivating the new perspective and the choices of priors, we apply the resulting framework to a cross-continental data set for EU and OECD countries and different digital technologies adopted by either households/individuals or by businesses. The results illustrate that the Bayesian hierarchical structure may be used to assess and predict both the adoption process and the uncertainty surrounding the data, and is robust to the use of alternative priors. They point to heterogeneity across countries and across technologies, mostly in the timing of adoption and, although to a lesser extent, the steady-state adoption rate once technologies are fully diffused. This suggests that characteristics of countries and technologies matter for technology diffusion.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289952859
    Other identifier:
    hdl: 10419/269107
    Series: Working paper series / European Central Bank ; no 2700 (August 2022)
    Subjects: Adoption; Diffusion; Timing; Speed; Maximum
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen